A2G MANAGEMENT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
A2G MANAGEMENT
Largest movements
- Receivables within one year +€115,994
up €115,994 (+352%), from €32,906 to €148,900
of which Other amounts receivable: +€100,776
- Cash -€44,601
down €44,601 (-76.5%), from €58,284 to €13,683
mainly Receivables within one year (-€115,994) and Contributions, distributions and other (-€59,318)
- Tangible fixed assets -€3,709
down €3,709 (-57.4%), from €6,463 to €2,754
- Other debts +€37,583
up €37,583 (+200%), from €18,769 to €56,352
- Tax, wage and social debts +€20,325
up €20,325 (+246%), from €8,269 to €28,595
- Reserves +€14,625
up €14,625 (+6.0%), from €245,385 to €260,009
- Gross operating margin +€56,421
up €56,421 (+101%), from €55,897 to €112,318
- Taxes +€22,193
up €22,193 (+208%), from €10,674 to €32,867
- Write-downs -€18,400
down €18,400 (-100%), from €18,400 to €0
- Financial charges +€2,155
up €2,155 (+52.6%), from €4,097 to €6,252
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,161 | €349,881 | +€70,720 | +25.3% |
| Fixed assets | 21/28 | €6,463 | €2,754 | -€3,709 | -57.4% |
| Tangible fixed assets | 22/27 | €6,463 | €2,754 | -€3,709 | -57.4% |
| Furniture and vehicles | 24 | €6,463 | €2,754 | -€3,709 | -57.4% |
| Current assets | 29/58 | €272,698 | €347,127 | +€74,429 | +27.3% |
| Amounts receivable after more than one year | 29 | €179,000 | €179,000 | = | 0.0% |
| Trade receivables | 290 | €179,000 | €179,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,906 | €148,900 | +€115,994 | +352% |
| Trade receivables | 40 | €6,633 | €21,850 | +€15,218 | +229% |
| Other amounts receivable | 41 | €26,274 | €127,050 | +€100,776 | +384% |
| Cash at bank and in hand | 54/58 | €58,284 | €13,683 | -€44,601 | -76.5% |
| Deferred charges and accrued income | 490/1 | €2,508 | €5,544 | +€3,036 | +121% |
| Total equity and liabilities | 10/49 | €279,161 | €349,881 | +€70,720 | +25.3% |
| Equity | 10/15 | €246,385 | €261,009 | +€14,625 | +5.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €245,385 | €260,009 | +€14,625 | +6.0% |
| Distributable reserves | 133 | €245,385 | €260,009 | +€14,625 | +6.0% |
| Amounts payable | 17/49 | €32,776 | €88,872 | +€56,095 | +171% |
| Amounts payable within one year | 42/48 | €32,776 | €88,872 | +€56,095 | +171% |
| Trade debts | 44 | €5,738 | €3,924 | -€1,813 | -31.6% |
| Suppliers | 440/4 | €5,738 | €3,924 | -€1,813 | -31.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,269 | €28,595 | +€20,325 | +246% |
| Taxes | 450/3 | €8,269 | €28,595 | +€20,325 | +246% |
| Other amounts payable | 47/48 | €18,769 | €56,352 | +€37,583 | +200% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,709 | €3,709 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,400 | €0 | -€18,400 | -100% |
| Other operating charges | 640/8 | €680 | €527 | -€153 | -22.5% |
| Gross operating margin | 9900 | €55,897 | €112,318 | +€56,421 | +101% |
| Operating profit (loss) | 9901 | €33,109 | €108,082 | +€74,974 | +226% |
| Financial income | 75/76B | €4,223 | €4,979 | +€756 | +17.9% |
| Recurring financial income | 75 | €4,223 | €4,979 | +€756 | +17.9% |
| Financial charges | 65/66B | €4,097 | €6,252 | +€2,155 | +52.6% |
| Recurring financial charges | 65 | €4,097 | €6,252 | +€2,155 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | €33,235 | €106,810 | +€73,575 | +221% |
| Income taxes | 67/77 | €10,674 | €32,867 | +€22,193 | +208% |
| Profit (loss) for the period | 9904 | €22,561 | €73,943 | +€51,382 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €22,561 | €73,943 | +€51,382 | +228% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.